Arizona Laws 14-3914. Disposition of unclaimed assets
Current as of: 2023 | Check for updates
|
Other versions
A. If an heir, devisee or claimant cannot be found, the personal representative shall distribute the share of the missing person to his conservator, if any, otherwise in cash to the department of revenue for deposit, pursuant to sections 35-146 and 35-147, in the permanent school fund.
Terms Used In Arizona Laws 14-3914
- Conservator: means a person who is appointed by a court to manage the estate of a protected person. See Arizona Laws 14-1201
- Devisee: means a person designated in a will to receive a devise. See Arizona Laws 14-1201
- Legatee: A beneficiary of a decedent
- Person: means an individual or an organization. See Arizona Laws 14-1201
- Personal representative: includes an executor, an administrator, a successor personal representative, a special administrator and persons who perform substantially the same function under the law governing their status. See Arizona Laws 14-1201
- Property: includes both real and personal property. See Arizona Laws 1-215
B. If a person later appears and claims as the missing person, he shall proceed in the same manner as an heir, devisee or legatee claiming escheated property under sections 12-886 and 12-887.